Overview

• The buyer group includes Tom Dundon with Marc Zahr, Sheel Tyle and the Cherng Family Trust, which has confirmed an intention to keep the team in Portland.
• Terms were not disclosed, but multiple outlets report a two‑payment structure with a blended valuation of roughly $4.25 billion.
• Reports differ on timing, with some expecting closing by year’s end and others indicating completion by the end of the 2025–26 season.
• Dundon is expected to serve as team governor, building on his sports holdings that include the NHL’s Carolina Hurricanes.
• The estate-led process follows Paul G. Allen’s directive to sell his sports assets and direct proceeds to philanthropy, after Dundon’s group outbid a rival led by RAJ Sports and the Bhathal family.